Just like many financial institutions here in Kenya, Absa bank allows account holders to seamlessly withdraw money from their accounts to MPESA via a USSD code. The beauty about using a USSD code is that with any type of mobile phone; a smartphone or a feature phone popularly called Kabambe here in Kenya, you can just key in the USSD code, follow a few steps and transfer cash from your bank account to MPESA wallet in minutes.
The current pandemic has impacted on several ways we used to transact; in that, people are now most likely to prefer cashless transactions compared to pre-pandemic era. Avoiding handling of cash has actually been touted as one of the ways we ought to use to halt the spread of the current pandemic. For this reason, CBK directed financial institutions to allow for free transfer of cash between banks and mobile money services like MPESA.
We have so far provided important guidelines that customers from various banks such as Postbank, StanChart bank, and many others can use to easily transfer cash from their accounts to their MPESA wallets within minutes. This will effectively allow customers to carry out several transactions without necessarily handling cash.
Once you have money in your MPESA account, you can then pay utility bills, pay for shopping and even send to other people for various reasons. Absa bank have a very intuitive method that you can accomplish this dubbed “hallo money” utilizing USSD code unlike other banks such as GTBank which requires someone to first have a smartphone and install an app to manage those transactions.
How to withdraw money from Absa Bank account to MPESA
- On your phone, dial *224#
- Select “MPESA” option
- Make sure you enter the current MPESA number and amount you want to send
- Enter your PIN and then click on send.
How to deposit money from MPESA to Absa bank account
- Go to MPESA menu on your phone
- Select Lipa na Mpesa then Pay Bill option
- Enter Absa bank MPESA business/Pay bill number: 303030
- Key in your Absa account number followed by amount to send
Key in MPESA PIN and confirm the transaction.
Good thoughts here!